Amidst headlines proclaiming the demise of the US dollar, a crucial question arises: "BRICS US Dollar Must Not Be Used Globally Says IMF Executive" - But is it true? The reality is more nuanced. Given the recent expansion of the “BRICs” countries to include five new members, the future of global currency dominance is a subject of intense debate. Will the US dollar remain the world’s reserve currency?

While some speculate about the dollar\'s downfall, Franklin Templeton maintains that The U.S. dollar remains the de facto superior currency for global trade for nearly a century. The dollar still holds significant sway.

This article seeks to derive clarity amid the sensationalism. It gives a brief overview of dollarisation and the context of the US Dollar as the world’s reserve currency. Claims that an IMF executive has definitively stated the US dollar "must not" be used globally often lack crucial context. While there may be calls for diversification and alternative payment systems, a complete cessation of dollar use is highly unlikely in the short term.

The BRICS nations are indeed exploring alternatives. A BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, not US dollar. Russia\'s finance ministry and central bank report details plan to transform trade within the bloc. This initiative aims to reduce reliance on the dollar for intra-BRICS transactions, but it doesn\'t necessarily signal a complete rejection of the dollar globally.

So, while discussions around de-dollarization are gaining momentum, driven by factors like geopolitical tensions and the desire for greater economic autonomy, the US dollar\'s position as the primary global reserve currency remains relatively secure for now. The BRICS nations are seeking alternatives, but the process of replacing the dollar is complex and will likely take a significant amount of time.